Remove runtime allocation error handling and use panic-on-fail
versions of allocation functions. Reasons for that:
* Memory error handling was never tested an probably doesn't work.
* Some return codes was ignored so the code had obvious flaws.
* Rollback in case of memory error made some code overcomplicated.

Part of #8648
Part of #8654

NO_DOC=no new functionality added
NO_TEST=no new functionality added
NO_CHANGELOG=no new functionalily added

(cherry picked from commit c951c9de)